Yes, it is possible to get your name removed from CIBIL Defaulter’s list.Let us first try to understand few basic things regarding CIBIL What is CIBIL and what does it do? CIBIL is a credit information bureau that keeps track of an individual’s credit history. This information is then used by banks and financial institutions […]
When a person applies for a personal loan from a bank, they are legally obligated to repay the loan on time. Even if the borrower intends to repay the advance in full, it is possible that he or she will be unable to do so. Reasons for Loan Default Loan default can occur for a […]
Small-ticket personal loans (STPL) which a decade ago were the pinnacle of the crisis in a similar segment are back with a bang. This time, they are run by finance companies who use analytics-based software to approve and pay low-value loans. The share of small-ticket loans in personal loans has become five times in the […]
It cannot be disputed that loans are a person’s biggest liability and must be repaid in a timely manner. In fact, the entire process of taking a loan and getting it approved is challenging. To add insult to injury, job loss, unemployment, and other misfortunes could lead to troubles when it comes to repaying the […]
It is natural not to be able to make your EMI loan payment in a timely manner every month, which can result in loan default. While some lenders provide borrowers with flexible policy plans, the majority of them don’t, and any default results in a prompt action from their side. If your payment date has […]
Ragini (name changed) is a woman who had never previously defaulted on any kind of loan until March 2020. Now, loan recovery agents make her rather stressed. She is a 32-year-old teacher who lives in Visakhapatnam. When COVID-19 struck, and a lockdown was imposed in the country, she lost her job, and ever since then; […]
